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News Release

Auckland

Industrial available on Hillside Road


 

 

Grey Lynn office unit decked out for summer/new-zealand/en-gb/news/864/grey-lynn-office-unit-decked-out-for-summerAucklandGrey Lynn office unit decked out for summer
East Tamaki gem with new five-year lease/new-zealand/en-gb/news/863/east-tamaki-gem-with-new-five-year-leaseAucklandEast Tamaki gem with new five-year lease

The chance to purchase or lease the Beckett Books industrial building at 98-100 Hillside Road Wairau Valley presents an excellent opportunity for investors and owner occupiers seeking properties in the high profile industrial precinct of Wairau Valley, at a time when vacancy levels in the North Shore Industrial market are at near historic lows and the supply pipeline limited. 

This 2,445sqm industrial building is located at 98-100 Hillside Road within the North Shore’s established central industrial site, Wairau Valley, and is available for vacant possession. Property experts JLL are offering this industrial asset for sale or lease via an expression of interest campaign that closes 4pm Thursday 16th April 2015.
David Mayhew, Head of the North Shore team who is running the marketing campaign alongside Ben Pilley and Chris Harding of JLL says, “At present, North Shore’s suburban markets are growing, vacancy for the overall North Shore industrial market is low at 3.2% and there is limited new supply or developments projected to enter the market. Taking into consideration these current economic conditions will certainly heighten the appeal of 98-100 Hillside Road for investors”. 

Mayhew continues, “Another driver of value in the asset in the increased competition among tenants seeking to secure space on the North Shore, which is predicted to put continued pressure on rental figures and push them upwards.”

The property is built in the early 1980s and provides a building floor area of 1,275.5sqm and an additional 19 car park spaces. The warehouse height is 7.2 metres at the apex and 5.0 metres at the eaves and comprises of 168.3sqm of office space which is spread over the ground and first floor levels, containing a reception and large lunch room. A 889.7sqm warehouse with wall-height windows and skylight provides the area with plenty of natural light and there is also an additional 217.5sqm warehouse.​

The building has two roller doors, one large roller door at the front of the building and second smaller roller door that opens out to a small yard area on the southern side of the building.

Ben Pilley, Director of Industrial sales and leasing at JLL says, “The additional warehouse is located on the northern side of the building and can be accessed via stairs down from the main warehouse and via a roller door at the side of the building. The area is self-contained and would undoubtedly sub-let if required.”

Pilley continues, “There is also potential for the new owner to refurbish and add value to the property which would in turn gain higher rents for the owner on a square metre basis. This is a great opportunity to gain a foothold in the North Shore industrial market when availability of properties like these is scarce.”

The surrounding developments are mixed in character and span from medium and single tenancy structures, occupied by substantial manufacturing companies to smaller multi-unit developments.

The site is zoned Business 9 under the former North Shore City Council which is applied to areas which are established industrial areas and ‘Light Industry’ under the Proposed Auckland Unitary Plan (PAUP). This includes light manufacturing, production, logistics, storage facilities, transport and distribution activities.